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Market researchers at EER believe that the global Concentrated Solar Power (CSP) market is undergoing a renaissance that could see investments reach $20 billion over the next five years.

According to EER, 2007 was a pivotal year for solar CSP development as both Acciona and Abengoa have inaugurated 65MW of parabolic trough and 11MW of central receiver technologies, respectively. 

EER claims that there are currently over 5,800MW of solar CSP projects in the planning stages worldwide. Significantly, EER estimates that there is almost 6GW in the project pipeline for the use of parabolic trough technology through 2012.